NOVAGOLD and Paulson Engage Top Engineering Firms for Donlin Gold Feasibility Study
Event summary
- NOVAGOLD and Paulson awarded engineering contracts to WSP, Worley, and Hatch for key infrastructure components of the Donlin Gold project's Bankable Feasibility Study (BFS).
- Fluor Corporation remains the lead engineering firm coordinating all workstreams.
- The BFS update is expected to be completed in 2027, with hiring for critical roles underway.
The big picture
NOVAGOLD and Paulson are assembling a world-class engineering team to advance the Donlin Gold project, one of the largest undeveloped gold assets in the U.S. The strategic use of specialized firms for key infrastructure components aims to enhance schedule efficiency and risk management. This move aligns with broader industry trends toward modularized project development and value engineering in large-scale mining ventures.
What we're watching
- Project Timeline
- Whether the parallel workstreams can accelerate the BFS completion and maintain cost accuracy.
- Execution Risk
- How the integration of specialized engineering firms under Fluor's coordination will impact project efficiency.
- Market Dynamics
- The potential leverage to gold prices and exploration upside beyond the 40 million ounces already defined.
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